home buying: Who Will Buy in 2009?
- 09/29/08 06:13 AM
I attended a home buying seminar this weekend and had an opportunity to speak with a lender. He owns his own bank and has 10 loan officers. I asked him where he thought the business would be next year. His answer was very definitive: first time home buyers and investors. The inventory will be about 50% foreclosures, at least in Maryland/DC/Northern Virginia market. First timers and investors are poised to take advantage of this inventory. First time homebuyers? But we thought there were no options for this buyer because all the money had dried up. We were wrong. What we found (8 comments)

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